The distribution of wealth is central for evaluating social justice in a country. This article uses a data set composed of the 2002 China Household Income Project and the 2010 Chinese Family Panel Survey to analyze the level of wealth and wealth inequality in China during 2002 and 2010. The ...
This article uses a data set composed of the 2002 China Household Income Project and the 2010 Chinese Family Panel Survey to analyze the level of wealth and wealth inequality in China during 2002 and 2010. The analysis decomposes the evolution of wealth inequality during that period in terms of...
thus putting them at a material disadvantage to their anti-social peers. This inequality, accordingly, conveys information about a social partner’s choices in past game play and raises the possibility that agents can use the aggregation of past payoffs—i.e. wealth—to identify...
Using the five waves of the China Household Income Project surveys conducted during 1988–2013, we investigate long-term changes in national income inequality and rural poverty in China. National income inequality rose markedly to 2007 and thereafter fell slightly. Income growth was widely shared, bu...
The long right tail of the PDFs of consumption indicates that few people in China are participating in the high consumption economy, and that consumption inequality is high. After comparing the PDFs of consumption with the PDFs of incomewe obtain the PDFs of residual wealth during the period...
Economic growth, spatial income inequality, and the role of education and training in China China opened its economy and introduced economic reforms in 1978 that over the next three decades produced unprecedented economic growth sharply reducing household poverty, but also increasing spatial income inequa...
Storytelling is a human universal. From gathering around the camp-fire telling tales of ancestors to watching the latest television box-set, humans are inveterate producers and consumers of stories. Despite its ubiquity, little attention has been given t
aCarrie has an inborn sensibility to the material wealth. On the train to Chicago, she meets Drouet, a man who will change her whole life. She has noticed the differences between them, especially the inequality in material: she feels the worn state of her clothes while Drouet with good ...
Such illusion, however, proved short-lived, and by the 1970s social inequality was again on the national agenda. In the ensuing decades, social class inequality among Americans spiraled, creating a pattern of social class polarization that included greater wealth for the wealthy, deeper poverty ...
Evolutionarily, the administration of public affairs -as relatedby Max Weber in his General Economic History– ceased to be in the hands of wise men and mandarins, advisers to the monarchs, to become a matter managed by jurists, who incorporated for the decision-making and its justification the...